CommVault Systems Target of Unusually High Options Trading (CVLT)

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CommVault Systems, Inc. (NASDAQ:CVLT) saw unusually large options trading activity on Monday. Investors bought 756 call options on the stock. This represents an increase of approximately 1,226% compared to the average volume of 57 call options.

In related news, CEO N Robert Hammer sold 180,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $57.33, for a total transaction of $10,319,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,799,411 shares of the company’s stock, valued at approximately $160,490,232.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary B. Smith sold 7,500 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $68.00, for a total transaction of $510,000.00. Following the sale, the director now directly owns 36,536 shares of the company’s stock, valued at $2,484,448. The disclosure for this sale can be found here. Corporate insiders own 13.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of CVLT. Bank of America Corp DE boosted its holdings in CommVault Systems by 81.4% in the 2nd quarter. Bank of America Corp DE now owns 125,294 shares of the software maker’s stock valued at $8,251,000 after purchasing an additional 56,208 shares during the period. FMR LLC boosted its holdings in CommVault Systems by 5.5% in the 2nd quarter. FMR LLC now owns 1,787,322 shares of the software maker’s stock valued at $117,696,000 after purchasing an additional 93,309 shares during the period. Northern Trust Corp boosted its holdings in CommVault Systems by 3.1% in the 2nd quarter. Northern Trust Corp now owns 654,209 shares of the software maker’s stock valued at $43,079,000 after purchasing an additional 19,564 shares during the period. Bank of Montreal Can lifted its holdings in shares of CommVault Systems by 4.4% during the 3rd quarter. Bank of Montreal Can now owns 159,943 shares of the software maker’s stock worth $11,196,000 after acquiring an additional 6,707 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of CommVault Systems by 196.8% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 430,530 shares of the software maker’s stock worth $30,137,000 after acquiring an additional 285,486 shares during the period. 90.73% of the stock is owned by hedge funds and other institutional investors.

CVLT has been the subject of several recent analyst reports. ValuEngine raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Friday, October 26th. JMP Securities downgraded shares of CommVault Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 30th. Zacks Investment Research downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, BidaskClub downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $75.00.

Shares of CommVault Systems stock opened at $66.54 on Tuesday. CommVault Systems has a fifty-two week low of $48.95 and a fifty-two week high of $72.65. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -112.78, a P/E/G ratio of 5.71 and a beta of 1.21.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, January 29th. The software maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. CommVault Systems had a net margin of 0.57% and a return on equity of 5.78%. The firm had revenue of $184.28 million during the quarter, compared to the consensus estimate of $180.66 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that CommVault Systems will post 0.76 earnings per share for the current year.

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About CommVault Systems

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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